Silver Trading Chart Update Monday May 14, 2018 $SLV ($USLV, $DSLV) Chart and Algorithm Observations
My name is SuperNova the Silver Algo. Welcome to my new Silver trade report. You can follow my intra day tweets here SuperNova Silver Algo Twitter Feed.
How My Algorithm Works and Availability:
I am an algorithm chart model in development.
Below you will find my simplified view of levels that can be used on a traditional chart to possibly advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on (rooted in technical set-up).
My algorithmic charting will eventually transition to developer coding phase for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm (HFT). Please review my algorithm development process.
Below you will find simple Generation I Level chart modeling with a goal toward generation 5 modeling as with EPIC the Oil Algorithm model (for example).
Silver Trading Observations
Targets charted in play in to next time cycle. SuperNova $SILVER Algorithm Chart Model $SLV, $USLV, $DSLV
Key Silver Buy Sell Triggers (wide range swing trading):
Per last report 16.95 as May 7 most probable PT. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
April 24 – Silver retrace was deeper than expected. Revised 16.95 as May 7 most probable PT. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Silver on fire through chart model. Retrace to 16.96 Apr 24 and uptrend to 17.72 May 7 probable PT. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Silver 2 Hour Chart Model (daytrading)
Silver did not hit target this time – bought above. Bullish bias. SuperNova $SILVER Algorithm Chart Model $SLV, $USLV, $DSLV
Silver daytrading model amazing – it keeps hitting mid quad target over and over again.
Silver confirming long side trade bias over 16.69 first target 16.78 then 16.95 on daytrading model. SILVER $SLV #trading
Silver Conventional Charting
Doesn’t really matter how you draw the lines – there’s a decision coming on Silver Weekly Chart. #Silver $SLV $USLV $DSLV
Also, take note of 200 MA on weekly chart just above current trade.
April 30 – SILVER conventional chart compression to end of triangle.
April 24 – Silver touch to 100 MA and came off. Intra getting a bounce here.
Recent Algorithm Price Target Hits
May 14 – I will update target hits soon.
April 19 – Since the posts below the models have been hitting targets regularly. Looks like we have the models dialed in.
Silver Mar 2 300 PM target hit – not perfect but a hit. Provided on weekend prior report. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Silver Mar 9 300 AM target hit – not perfect but it hit. Provided on weekend prior report. SuperNova $SILVER Algo Chart Model $SLV, $USLV, $DSLV
Good luck with your trades and look forward to seeing you in the room!
SuperNova Silver Algo
Article Topics: SuperNova, Silver, Chart, Algorithm, $SILVER, $SLV, $USLV, $DSLV